Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 13,563 people, 4,705 houses or apartments, and a median cost of homes of $205,531, house prices in Irvington are solidly below the national average.
Single-family detached homes are the single most common housing type in Irvington, accounting for 73.77% of the town's housing units. Other types of housing that are prevalent in Irvington include mobile homes or trailers ( 24.03%), large apartment complexes or high rise apartments ( 1.16%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Irvington. Owner-occupied housing accounts for 83.37% of Irvington's homes, and 83.67% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Irvington built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Irvington built between 2000 and later ( 32.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.79%). There's also some housing in Irvington built before 1939 ( 1.60%).
Vacant housing appears to be an issue in Irvington. Fully 12.15% of the housing stock is classified as vacant. Left unchecked, vacant Irvington homes and apartments can be a drag on the real estate market, holding Irvington real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Irvington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.21%, which ranks in the top 40% nationwide. This equates to an annual average Irvington house appreciation rate of 7.35%.
NeighborhoodScout's data show that during the latest twelve months, Irvington's appreciation rate, at 7.86%, has been at or slightly above the national average. In the latest quarter, Irvington's appreciation rate has been -0.19%, which annualizes to a rate of -0.75%.
Notably, Irvington's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Irvington's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.
$205,531
for Alabama
for nation
4,705
$1,506 / per month